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[ad_1] Last Updated: July 11, 2023, 01:20 IST United States of America (USA) The U.S. Labor Department reported last Friday the smallest monthly job gain in 2-1/2 years along with strong wage growth. (Photo: Reuters) Oil prices ease on US interest rate hike concerns, but supply cuts from Saudi Arabia and Russia limit losses. CPI data and China reports to impact market Oil prices eased 1% on Monday on the increasing likelihood of more U.S. interest rate hikes, but crude supply cuts from top oil exporters Saudi Arabia and Russia limited the losses. Brent crude futures settled down 78 cents, or 1%, at $77.69 a barrel after touching their highest level in more than two months earlier in the session. US West Texas Intermediate crude fell 87 cents, or 1.2%, at $72.99. “Traders are very nervous about higher interest rates, which could kill demand very quickly," said Dennis Kissler, senior vice president of trading at BOK Financial, adding that some investors were also engaging in ...

[ad_1] Last Updated: July 11, 2023, 01:31 IST New York, United States of America (USA) A street sign for Wall Street is seen outside the New York Stock Exchange (NYSE) in New York City, New York, U.S., July 19, 2021. (Reuters/File Photo) Wall Street stocks muted as investors analyze Chinese data and anticipate U.S. inflation report. Dollar dips, oil prices decline with supply cuts Wall Street stocks were muted on Monday, while oil prices and the dollar dipped, as investors digested Chinese data that heightened worries of an economic slowdown and looked ahead to a key U.S. inflation report. The Dow Jones Industrial Average rose about 0.5%, while the S&P 500 and Nasdaq Composite were both little changed. European shares inched higher on Monday with the travel and leisure sector leading gains, with the pan-European STOXX 600 index up 0.18%. Chinese consumer price figures fell in June, leaving them almost unchanged from a year earlier, while producer prices slid deeper into negati...